Hamilton Bancorp, Inc. operates as the holding company for the Hamilton Bank that provides a range of banking services primarily to small and middle-market businesses and middle-income individuals. Market Area The company conducts its operations from its five full-service banking offices in Maryland. Its primary deposit market includes the areas surrounding its banking offices in Cockeysville, Pasadena, Towson, and the Overlea and Hamilton areas of Baltimore City. The company’s primary lending market includes Baltimore City and the Maryland counties of Anne Arundel and Baltimore. Lending Activities Residential Mortgage Loans: The company originates mortgage loans secured by owner occupied one- to four-family residential properties. It also has made loans to investors for the purchase of one- to four-family residential properties that are not owner-occupied. The company’s residential mortgage loans are secured by properties in the Greater Baltimore area. Commercial Real Estate Loans: The company originates commercial real estate loans in the Greater Baltimore area that are secured by properties used for business purposes such as small office buildings or retail facilities. Commercial Business Loans: The company originates commercial business loans and lines of credit secured by non-real estate business assets. These loans are originated to small businesses in its primary market area. The company’s commercial business loans are used for working capital purposes or for acquiring equipment, inventory or furniture, and are primarily secured by business assets other than real estate, such as business equipment, inventory and accounts receivable. The company is also qualified to make Small Business Administration (SBA) loans. Under the SBA program, the company originates and fund loans under the SBA 7(a) Loan Program which qualify for guarantees up to 90% of principal and accrued interest. The company also originates loans under the SBA’s CDC/504 Loan Program in which the company provides 50% of the financing, taking a first lien on the real property as collateral. Home Equity Loans and Lines of Credit: In addition to traditional one- to four-family residential mortgage loans, the company offers home equity loans and lines of credit that are secured by the borrower’s primary or secondary residence. The company’s home equity loans are primarily originated with fixed rates of interest with terms of up to 20 years. Construction Loans: The company originates construction loans for both commercial and residential real estate. Construction loans the company originates provide for the payment of interest only during the construction phase. At the end of the construction phase, the loan converts to a permanent mortgage loan at the same rate of interest. Other Consumer Loans: The company makes loans secured by deposit accounts up to 90% of the amount of the depositor’s deposit account balance. On a more limited basis, the company also originates automobile loans to its customers. Investment Activities The company invests in securities, which consist primarily of U.S. government agency obligations, mortgage-backed securities and collateralized mortgage obligations issued or guaranteed by U.S. government-sponsored enterprises, and equity securities of government-sponsored enterprises. Deposits The company offers deposit products having a range of interest rates and terms. It offers statement savings accounts, NOW accounts, noninterest-bearing demand accounts, money market accounts and certificates of deposit. The company also offers the Certificate of Deposit Account Registry Service (CDARS) program to its customers. Regulation The bank is examined and supervised by the Office of the Comptroller of the Currency (OCC) and is subject to examination by the Federal Deposit Insurance Corporation (FDIC). The bank also is a member of and owns stock in the Federal Home Loan Bank of Boston. It is also regulated to a lesser extent by the Board of Governors of the Federal Reserve System (the Federal Reserve Board) governing reserves to be maintained against deposits and other matters. As a savings and loan holding company, the company is required to comply with the rules and regulations of the Federal Reserve Board and to file certain reports with and is subject to examination by the Federal Reserve Board. It is also subject to the rules and regulations of the Securities and Exchange Commission under the federal securities laws. History Hamilton Bancorp, Inc. was founded in 1915.
hamilton bancorp inc/md (HBK:NASDAQ CM)
501 Fairmount Avenue
Towson, MD 21286
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